UK Recovery Still Fragile

This week, UK GDP growth for the first quarter of 2010 was revised up to 0.3%. And although this number may look encouraging it is very unlikely that this year British economy will record any significant recovery.

Indeed, most of last quarter's upward revision came from improvement in the manufacturing sector, which recorded 1.2% growth. Yet, this upturn in production may be short lived as it was the result of inventory adjustments and rise in exports prompted by weak pound. In fact, instead of trying to increase market share by lowering foreign currency prices, exporters have been rebuilding their profit margins. This in connection with weak growth in Europe, which imports 50% of UK products may sooner or later erase the advantage of lower exchange rate.

Looking further, the new government effort to cut huge budget deficit (11.5% of GDP last year) is expected to pull down public spending and bring tax increases. In fact, so far the main rate of Value Added Tax was increased to the level from which it was dropped to fight recession. In addition, in May Britain’s finance minister announced £6.2bn worth of budget cuts, which are likely to be just the beginning of much stronger savings planned to bring to life at the end of this year. As a result we should anticipate additional drop in consumer spending which in turn may make companies to postpone investments and hiring and slow down the recovery.

Anna Fedec, contact@tradingeconomics.com5/25/2010 3:05:59 PM

Recent Releases

UK Economy Grows 0.3% in Q2
The British economy advanced 0.3 percent on quarter in the three months to June 2017, in line with market expectations and following a 0.2 percent expansion in the previous period, a preliminary estimate showed. The growth was driven by services mainly boosted by retail trade and film production and distribution, while construction and manufacturing contracted.Published on 2017-07-26

UK Q1 GDP Growth Rate Weakest In 1 Year
The UK economy advanced 0.2 percent on quarter in the three months to March of 2017, unchanged from the previous estimate, and following a 0.7 percent expansion in the previous period. It was the weakest growth rate in one year, as household spending slowed while business investment rebounded. On the production side, growth was driven by output from the business services and finance, and construction industries, partially offset by declines in some consumer-focused industries.Published on 2017-06-30

UK Q1 GDP Growth Revised Down To 0.2%
The UK economy advanced 0.2 percent on quarter in the three months to March of 2017, below the preliminary estimate of 0.3 percent, mainly due to broad-based downward revisions within the services sector. On the expenditure side, household spending slowed while business investment rebounded.Published on 2017-05-25

UK Q1 GDP Growth Weaker Than Expected
The British economy advanced 0.3 percent on quarter in the three months to March 2017, easing from a 0.7 percent growth in the previous period and below market expectations of a 0.4 percent expansion, a preliminary estimate showed. It was the slowest rate of growth since the first quarter of 2016, as services output expanded at a slower pace.Published on 2017-04-28

UK Q4 GDP Growth Confirmed At 0.7%
The British economy advanced 0.7 percent on quarter in the three months to December of 2016, following a downwardly revised 0.5 percent expansion in the previous period and in line with a second estimate. Net trade and consumer spending boosted growth while business investment contracted.Published on 2017-03-31

UK Q4 GDP Growth Revised Up To 0.7%
The British economy advanced 0.7 percent on quarter in the three months to December of 2016, following a 0.6 percent expansion in the previous period and above the preliminary estimate of 0.6 percent, due to upward revisions within the manufacturing industries. On the expenditure side, exports rebounded sharply while household expenditure rose at a slower pace and business investment contracted.Published on 2017-02-22

UK GDP Growth Beats Expectations In Q4
The UK economy advanced 0.6 percent on quarter in the three months to December of 2016, the same pace as in the previous period and better than market expectations of a 0.5 percent expansion, preliminary estimates showed. Services industries were the main drivers of growth, with a strong contribution from retail sales and travel agency services. Meanwhile, construction recovered slightly and production industries showed no growth, as a sharp contraction in mining and oil production offset a rebound in manufacturing and utilities.Published on 2017-01-26

UK Q3 GDP Growth Revised Up To 0.6%
The British economy advanced 0.6 percent on quarter in the three months to September of 2016, the same as in the previous period and better than the second estimate of 0.5 percent expansion. Household expenditure continued to grow while fixed investment rose at a slower pace and net external demand contributed negatively. Compared with the same period of 2015, the economy advanced 2.2 percent following a downwardly revised 2 percent expansion in the precedent quarter and missing the second estimate of 2.3 percent gain.Published on 2016-12-23

UK Q3 GDP Growth Confirmed at 0.5%
The British economy advanced 0.5 percent on quarter in the three months to September of 2016, slowing from a 0.7 percent expansion in the previous period and in line with the preliminary estimate. Net external demand was the main driver of growth, while household expenditure and fixed investment rose at a slower pace. Published on 2016-11-25

UK GDP Growth Beats Expectations
The UK economy advanced 0.5 percent on quarter in the three months to September of 2016, slowing from a 0.7 percent expansion in the previous period but better than market expectations of 0.3 percent, preliminary estimates showed. It is the first GDP figure covering a full quarter following the EU referendum, suggesting growth continues to be broadly unaffected with a strong performance in the services industries offsetting falls in other industrial groups.Published on 2016-10-27

UK GDP Growth Revised Up to 0.7% in Q2
UK's gross domestic product expanded 0.7 percent quarter-on-quarter in the three months to June of 2016, revised up from 0.6 percent previously estimated and higher than a 0.4 percent gain in the previous period. It was the 14th consecutive quarter of expansion, as household spending and fixed investment were the main drivers of growth, final figures showed.Published on 2016-09-30

Consumer Spending Boosts UK GDP Growth in Q2
The British economy expanded 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent growth in the previous quarter and in line with the preliminary reading. Household spending boosted growth and investment rebounded, figures from the second estimate showed.
Published on 2016-08-26

UK GDP Growth Beats Expectations in Q2
The UK’s economy advanced 0.6 percent on quarter in the three months to June of 2016, higher than a 0.4 percent expansion in the previous period and better than market expectations of 0.4 percent. Industrial production rebounded and posted the biggest gain since 1999, boosted by mining, quarrying and manufacturing while services growth slowed and construction shrank for the second quarter, preliminary estimates showed.Published on 2016-07-27

UK GDP Grows 0.4% in Q1 ahead of Brexit Vote
The UK’s economy expanded 0.4 percent on quarter in the first three months of 2016, in line with preliminary estimates and slowing from an upwardly revised 0.7 percent expansion in the last quarter of 2015. Consumer spending was the main driver of growth while business investment shrank more than expected and exports declined the most in six quarters, final figures showed.
Published on 2016-06-30

UK GDP Growth Confirmed at 0.4% QoQ in Q1
The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and matching preliminary estimates. Household spending continued to support growth while exports shrank and business investment contracted for the second straight quarter amid uncertain results for the EU Membership referendum.Published on 2016-05-26

UK GDP Growth Slows to 0.4% in Q1
The British economy expanded 0.4 percent on quarter in the first three months of 2016, slowing from a 0.6 percent growth in the previous period and in line with market expectations, preliminary figures showed. The services sector led the expansion industrial production, construction and agriculture shrank.Published on 2016-04-27

UK GDP Growth Revised Up
The British economy advanced 0.6 percent on quarter in the last three months of 2015, higher than a 0.5 percent estimate earlier released and compared to a 0.4 percent growth in the previous quarter. Consumer demand remained the main driver of growth and the negative impact from trade came lower than expected while the drag from business investment was larger.Published on 2016-03-31

Household Spending Drives UK GDP Growth in Q4
The British economy advanced 0.5 percent on quarter in the last three months of 2015, in line with the preliminary estimate. Growth was mainly driven by household spending while gross fixed capital formation and exports decreased, figures from ONS second estimate showed.Published on 2016-02-25

UK GDP Expands 0.5% in Q4
The British economy advanced 0.5 percent on quarter in the last three months of 2015, accelerating from a 0.4 percent growth in the previous period and in line with market expectations, preliminary estimates showed. Services contributed 0.52 percentage point to the expansion while industry subtracted 0.03 percentage point. Published on 2016-01-28

UK GDP Growth Revised Down to 0.4%
The UK economy advanced 0.4 percent on quarter in the three months to September of 2015, lower than preliminary estimates of a 0.5 percent gain and slowing from a downwardly revised 0.5 percent expansion in the previous period. Gross capital formation and public spending grew less than anticipated while the drag from net external trade was smaller than expected, final figures showed.Published on 2015-12-23

Net Trade Drags UK GDP Growth Down to 0.5%
The UK economy advanced 0.5 percent on quarter in the three months to September of 2015, slowing from a 0.7 percent expansion in the previous period and in line with the preliminary estimate. Gross capital formation rebounded while net external proved a drag of 1.5 percentage points on overall growth in the quarter, figures from the ONS second estimate showed.Published on 2015-11-27

UK GDP Growth Below Expectations
The British economy advanced 0.5 percent on quarter in the three months to September of 2015, slowing from a 0.7 percent expansion in the previous period, according to preliminary estimates. Figures came lower than expected, as construction declined the most in three years and manufacturing remained depressed. Published on 2015-10-27

UK GDP Growth Confirmed at 0.7%
The British economy expanded 0.7 percent on quarter in the three months to June of 2015, higher than a 0.4 percent increase in the previous period and in line with preliminary estimates. It is the tenth consecutive quarter of growth, driven by a surge in business investment and exports.Published on 2015-09-30

UK GDP Growth Accelerates in Q2
The British economy expanded 0.7 percent on quarter in the three months to June 2015, in line with market expectations and boosted by business services and finance and gas and oil production, preliminary estimates showed.Published on 2015-07-28

UK GDP Growth Revised Up
The British economy expanded 0.4 percent in the first three months of 2015, better than an initial estimate of 0.3 percent and boosted by household consumption and investment. Still, it is the lowest growth rate since the last quarter of 2013.Published on 2015-06-30

UK GDP Growth Confirmed at 0.3%
The British economy expanded 0.3 percent in the first three months of 2015 matching preliminary estimates but slowing from a 0.6 percent rise in the previous period. Second estimates released by the Office for National Statistics showed a drop in exports and higher imports weighted down on growth.Published on 2015-05-28

UK Q1 GDP Growth Disappoints
The British economy expanded a weaker-than-expected 0.3 percent on quarter in the first three months of 2015, hurt by a slowdown in business, financial services and manufacturing and decline in mining and construction. Published on 2015-04-28

UK GDP Growth Revised Up to 0.6% in Q4
The British economy advanced 0.6 percent on quarter in the last three months of 2014, higher than 0.5 percent estimate released last month and driven by rise in exports. Published on 2015-03-31

UK GDP Growth Confirmed at 0.5% in Q4
The British economy grew 0.5 percent in the last three months of 2014, slowing from a 0.7 percent rise in the previous period, second estimates released by the Office for National Statistics showed.Published on 2015-02-26

UK Economy Slows More than Expected
British GDP advanced 0.5 percent on quarter in the last three months of 2014, below market expectations and compared with a 0.7 percent expansion in the previous period. Preliminary estimates showed services were the main driver of growth while construction and mining shrank. Published on 2015-01-27

UK GDP Growth Confirmed at 0.7% in Q3
The British economy expanded 0.7 percent on quarter in the three months to September, in line with previous estimates but down from a revised 0.8 percent increase in the previous period. Household and government consumption were the main drivers of growth.Published on 2014-12-23

UK Economy Expands 0.7% in Q3
The British economy grew 0.7 percent in the three months to September, according to the second estimate released by the statistical office. Private consumption and government spending were the main drivers of expansion while business investment and exports shrank. Published on 2014-11-26

UK GDP Growth Slows in Q3
The UK economy expanded 0.7 percent on quarter in the three months to September, slowing from a 0.9 percent increase in the second quarter. Preliminary estimates showed services were the biggest contributor to the growth while mining and quarrying shrank for the second consecutive quarter and manufacturing posted the lowest gain in six quarters.
Published on 2014-10-24

UK GDP Grows Stronger Than Expected
The UK economy expanded 0.9 percent in the second quarter of 2014, up 0.1 percentage points from the second estimate, mainly due to changes in the GDP calculating methods. Figures for the first quarter were also revised to a 0.7 percent expansion, from a 0.8 percent increase previously reported. Published on 2014-09-30

UK GDP Growth Confirmed at 0.8% in Q2
UK economy expanded by 0.8 percent in Q2 2014, the second consecutive quarter-on-quarter increase of 0.8 percent, unrevised from the preliminary estimate published on July 25th. Published on 2014-08-15

UK GDP Expands 0.8% in Q2
The UK economy advanced 0.8 percent on quarter in the three months to June, the same growth rate recorded in the previous period, driven by the services sector. Preliminary estimates showed the economy is now 0.2 percent bigger than in the first quarter of 2008, its previous peak.Published on 2014-07-25

Investment Drives UK GDP Growth in Q1
The British economy expanded 0.8 percent in the first quarter of 2014, according to final figures and unchanged from the previous estimates, driven by business investment. Year-on-year, the GDP advanced 3 percent, slightly down from a preliminary 3.1 percent estimate. Published on 2014-06-27

UK GDP Growth Unrevised at 0.8% in Q1
UK GDP advanced 0.8 percent in the first quarter of 2014, unrevised from last month's preliminary estimate. While production, construction and services expanded on the quarter, agriculture shrank by 0.7 percent.Published on 2014-05-22

UK Economy Grows Below Expectations in Q1
UK’s GDP advanced 0.8 percent in the first three months of 2014, marking a fifth straight quarter of economic expansion. While manufacturing and services climbed 1.3 percent and 0.9 percent respectively, agriculture and mining were down. Published on 2014-04-29

UK GDP Growth Confirmed at 0.7% in Q4
UK economy advanced 0.7 percent quarter on quarter in the last three months of 2013, in line with previous estimates. Full-year GDP growth in 2013 was revised down to 1.7 percent from 1.8 percent recorded earlier.Published on 2014-03-28

UK GDP Growth Confirmed at 0.7% in Q4
UK's GDP rose 0.7 percent on a quarter-on-quarter basis in the last three months of 2013, matching initial estimates and recording its fourth consecutive quarter of growth. Compared with the same quarter of 2012, the GDP expanded 2.7 percent, revised down 0.1 percentage points from the previously estimated 2.8 percent increase.Published on 2014-02-26

UK GDP Growth Matches Expectations in Q4 2013
In the fourth quarter of 2013, UK's GDP grew 0.7 percent over the previous quarter, boosted by the services sector. Though matching market expectations, preliminary estimates showed the economy slowed in the last three months of 2013 from a 0.8 percent growth rate recorded in the previous two quarters.
Published on 2014-01-28

UK Q3 Final GDP Growth at 0.8% QoQ
In the third quarter of 2013, the final reading for the UK quarter-on-quarter GDP growth was confirmed at 0.8 percent. Second quarter growth was revised up to 0.8 percent and the third quarter annual rate was also revised upwards, from 1.5 percent to 1.9 percent.
Published on 2013-12-20

UK GDP Growth Confirmed at 0.8% in Q3
In Q3, United Kingdom GDP growth accelerated to 0.8 percent quarter-on-quarter, up from 0.7 percent in the previous three-month period and matching the initial estimate. While production in manufacturing, construction and services boosted the expansion, electricity and agriculture shrank.Published on 2013-11-27

UK Economy Expands 0.8% in Q3
In Q3, United Kingdom GDP growth accelerated to 0.8 percent quarter-on-quarter, up from 0.6 percent in the second quarter of 2013 and in line with expectations. Output increased in all main industrial groups and at its fastest pace in more than three years.Published on 2013-10-25

UK GDP Growth Confirmed at 0.7% QoQ in Q2
UK's gross domestic product increased by 0.7 percent between Q1 2013 and Q2 2013, unrevised from the previous estimate. The increase was broad based, with all three major industry groups, services, production and construction making positive contributions. Published on 2013-09-26

United Kingdom GDP Growth Revised Up to 0.7% in Q2
In Q2, UK's Gross Domestic Product grew by 0.7 percent, an upward revision of 0.1 percentage points from the previous estimate, and following growth of 0.3 percent in Q1 2013. The service sector continued to support growth, rising 0.6 percent and contributing 0.5 percentage points to GDP growth.Published on 2013-08-23

UK Economic Growth Accelerates in Q2
UK GDP grew by 0.6 percent in the second quarter from the previous three months, in line with expectations and double the 0.3 percent expansion in Q1. While services were the biggest contributor to the growth; agriculture, production and construction also expanded during the period.Published on 2013-07-25

UK Economy Expands 0.3% QoQ in Q1
In Q1 of 2013, UK gross domestic product increased 0.3 percent qoq, unrevised from the previous publication. GDP growth between Q4 2011 and Q1 2012 was revised from a fall of 0.1 percent to flat meaning Britain's economy did not suffer a double-dip recession as previously reported. GDP is estimated to be 3.9 percent lower than the pre-financial crisis peak in Q1 of 2008. Published on 2013-06-27

United Kingdom GDP Expands 0.3% QoQ in Q1
UK gross domestic product in volume terms was estimated to have increased by 0.3 percent between the fourth quarter of 2012 and the first quarter of 2013, unrevised from the previous publication.Published on 2013-05-23

U.K. GDP Contracts 0.3% quarter-on-quarter in Q4
The U.K. economy contracted 0.3 percent quarter-on-quarter in the fourth quarter, unrevised from the previous estimate, the latest figures from the Office for National Statistics showed. Published on 2013-03-27

UK GDP Contracts 0.3% quarter-on-quarter in Q4
The U.K. economy contracted 0.3 percent quarter-on-quarter in the fourth quarter, unrevised from the previous estimate, the latest figures from the Office for National Statistics showed.Published on 2013-02-27

United Kingdom GDP Growth Contracts 0.3% in Q4
GDP was estimated to have decreased by 0.3 percent in Q4 2012 compared with Q3 2012 and to have been flat in Q4 2012, when compared with Q4 2011.
GDP is estimated to have been flat between 2011 and 2012.Published on 2013-01-25

U.K. GDP Growth Revised Down to 0.9 Percent In Q3
The UK economy grew by 0.9 per cent in the third quarter of 2012, following three consecutive quarters of negative growth. Despite being revised down by 0.1 percentage points from the previous estimate, the latest quarterly growth rate remains the strongest since the third quarter of 2007. Published on 2012-12-21

U.K. GDP Expands by 1 Percent in Q3
After three consecutive periods of falling gross domestic product (GDP), the UK's economy grew by 1 per cent during the third quarter of 2012. Published on 2012-10-25

UK GDP Revised Up in Q2
UK gross domestic product (GDP) in volume terms decreased by 0.5 per cent in the second quarter of 2012, revised from the previously estimated 0.7 per cent decline.Published on 2012-08-24

U.K. GDP Contracts 0.7% in Q2
U.K. Gross Domestic Product decreased by 0.7 per cent in the second quarter of 2012. The most significant contribution to this fall came from the construction sector; there was, however, also weakness in both the production and services sectors.Published on 2012-07-25

U.K. Economy Contracts 0.2% in Q1
U.K. Gross Domestic Product (GDP) decreased by 0.2 per cent in the first quarter of 2012, driven by weakness in the construction sector and the production sector. Published on 2012-05-07

UK GDP Contracts 0.3% in Q4
UK gross domestic product (GDP) in volume terms decreased by 0.3 per cent in the fourth quarter of 2011, revised from a decline of 0.2 per cent previously estimated. For the year 2011, GDP in volume terms increased by 0.7 per cent.Published on 2012-03-28

UK GDP Contracts 0.2% in Q4
UK GDP for the fourth quarter of 2011 dropped by 0.2%, a worse than expected figure that will heighten fears of a double-dip recession.Published on 2012-01-25

UK GDP Revised Up in Q3
The UK economy bounced back between July and September with stronger than expected growth of 0.6% after it ground to a halt in the second quarter, the Office for National Statistics said on December 22. Published on 2011-12-22

UK GDP Growth Accelerates in Q3
UK Gross Domestic Product rose by 0.5 per cent in the third quarter of 2011, driven by strength in the Services sector and the Production sector. The Construction sector showed a small decline.Published on 2011-11-01

UK Growth Remains Stagnant in Q2
The chained volume measure of gross domestic product increased 0.2 per cent in the second quarter of 2011, following positive growth of 0.5 per cent in the previous quarter. Published on 2011-07-26

UK Economy Expands by 0.5% in Q1
United Kingdom GDP rose by 0.5 per cent in the first quarter of 2011, following a fall of 0.5 per cent in the fourth quarter of 2010. GDP increased 1.8 per cent in 2011 Q1 compared with 2010 Q1.Published on 2011-04-27

UK Economy Contracts by 0.5% in Q4
UK GDP growth contracted by 0.5 per cent in the fourth quarter of 2010, revised from a fall of 0.6 per cent previously published. GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.Published on 2011-03-29

UK GDP Contracts 0.6% in Q4
UK Gross domestic product contracted by 0.6 per cent in the fourth quarter of 2010, revised down from the previously estimated fall of 0.5 per cent. GDP in the fourth quarter of 2010 is now 1.5 per cent higher than the fourth quarter of 2009.Published on 2011-02-25

UK GDP Falls 0.5% in the Fourth Quarter
UK Gross Domestic Product decreased by 0.5 per cent in the fourth quarter of 2010, compared with an increase of 0.7 per cent in the previous quarter.Published on 2011-01-25

UK Third Quarter GDP Revised Down to 0.7%
UK gross domestic product (GDP) in volume terms rose by 0.7 per cent compared with the previous quarter, revised down from the 0.8 per cent rise published in November. GDP in volume terms fell by 4.9 per cent during 2009, revised up from the 5.0 per cent fall previously published.Published on 2010-12-22

UK GDP Growth Slows to 0.8% in Q3
UK Gross Domestic Product (GDP) increased 0.8% in the third quarter of 2010, according to the Office for National Statistics, compared with an increase of 1.2% in the previous quarter.Published on 2010-10-31

UK GDP Growth Revised Up to 1.2%
The UK economy grew slightly faster than initially thought in the second quarter, expanding by 1.2 per cent rather than the 1.1 per cent first estimated.
Published on 2010-08-27

U.K. Economy Grows 1.1% in Q2
Britain's economy grew by 1.1 percent in the second quarter, the Office for National Statistics said, surprising markets that had expected more modest expansion.Published on 2010-07-23

UK Recovery Still Fragile
This week, UK GDP growth for the first quarter of 2010 was revised up to 0.3%. And although this number may look encouraging it is very unlikely that this year British economy will record any significant recovery. Published on 2010-05-25

UK Economy Grows More Than Estimated
The U.K. economy grew more than previously estimated in the first quarter as rebounding investment and the biggest jump in manufacturing for four years strengthened the recovery. Published on 2010-05-25

British Economy Grows Half as Much as Forecast
The U.K. economy grew half as much as forecast in the first quarter, underscoring the fragility of the recovery as Prime Minister Gordon Brown struggles to convince voters that his party deserves a fourth term.
Published on 2010-04-23

British Economy is Recovering But is Not Out of the Woods
In the fourth quarter of 2009, the United Kingdom economy expanded 0.1% qoq, finally emerging from the longest and deepest recession since the mid-1940s. Yet, the recent wave of optimism may be way exaggerated since recent growth is mainly supported by fiscal and monetary stimulus.Published on 2010-01-30

British Economy Exits Recession
The U.K. economy crept back to growth in the fourth quarter of 2009, narrowly emerging from a deep recession that began in the second quarter of 2008. Published on 2010-01-26

U.K. GDP Revised Up to Show 0.2% Drop
The U.K. economy shrank less than previously estimated in the third quarter as a jump in construction and fixed investment brought the longest recession on record closer to ending.Published on 2009-12-22

U.K. Economy Shrank Less Than Previously Estimated
The U.K. economy shrank less than previously estimated in the third quarter as consumer spending stopped falling and the service industries slump eased, bringing the longest recession on record closer to an end. Published on 2009-11-25

The British Economy is in Trouble But There is Still Hope
In the third quarter of 2009, the British economy contracted 0.4% indicating the deepest and longest recession since the World War II. Yet, as gloomy the situation is, the UK government has some options left to revive growth.Published on 2009-10-28

UK Economy Shrinks in Q3
The UK economy shrank by 0.4 per cent in the third quarter, indicating that the deepest recession in a generation is not yet over.Published on 2009-10-23

British Economy Should Remain Weak in 2010
Strong external growth, better demand for housing and a drop in the pace of destocking indicate the recession in the United Kingdom may be coming to an end. Yet, at Trading Economics, we think that improvement in economic indicators doesn’t necessary mean the UK economy is out of the woods.Published on 2009-09-23

U.K. GDP Falls Less Than Forecast 0.7%
The U.K. economy contracted less than previously estimated in the second quarter as manufacturing, auto services and government spending helped mitigate the biggest slump in business investment in 24 years.Published on 2009-08-28

U.K. Economy Shrank by 0.8% in Q2
The U.K. economy shrank more than twice as much as economists forecast in Q2 as a record annual slump in construction, banking and business services kept Britain mired in the recession.Published on 2009-07-24

No End Yet for British Recession
In the first quarter of 2009, the United Kingdom GDP felt by 4.9 per cent year-over-year, the steepest decline in record. Recently, the International Monetary Fund has raised its 2010 economic growth forecast for Britain. However, the United Kingdom still has a long way before it can achieve a sustainable recovery. Published on 2009-07-08

UK Economy Shrinks Most in 50 Years
The UK economy shrank by the most in more than half a century in the first three months of the year, according to revised figures which were much weaker than originally estimated.Published on 2009-06-30

No End Yet for British Recession
In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy?Published on 2009-05-22

No End Yet for British Recession
In the first quarter of 2009, the United Kingdom GDP felt by 1.9 per cent quarter on quarter, the steepest quarterly decline in 30 years. What’s next for the British economy? Has the British authorities used all available measures to boost the economy? Published on 2009-05-05

U.K. Economy Shrinks Most Since 1979
The UK economy contracted much more sharply in the first quarter of this year than economists expected, casting doubt on the chancellor’s economic forecasts made in this week’s BudgetPublished on 2009-04-24

British Economy Is Sinking
The United Kingdom economy shrank 2 percent from a year earlier. Has the British authorities used all available measures to boost the economy? What else can be done to stop the downturn spiral?Published on 2009-03-31

U.K. Recession Worse Than Estimated
The U.K. economy’s contraction in the fourth quarter was deeper than previously estimated as consumer spending and construction slumped the most since 1980.Published on 2009-03-27

British Economy Could be Heading into Depression (Update)
In the last quarter of the 2008, the U.K. gross domestic product fell 1.5 percent from the previous quarter, the most since 1980. What is behind this unprecedented slump? Can interest rates reductions and a weak sterling bring relief to the deteriorating British economy?Published on 2009-03-03

U.K. Economy Shrinks Most Since 1980
The U.K. economy contracted the most since 1980 in the fourth quarter as the financial crisis prompted spending by consumers and companies to shrivel.Published on 2009-02-25

UK Economy Shrinks 1.5%
Britain fell deeper into recession during the final three months of last year as the economy contracted by 1.5 per cent, according to new figures released on Friday.Published on 2009-01-23

British Economy Could Be Heading Into Depression
On January 8th the Bank of England cut its benchmark rate to 1.5%, the lowest level since the central bank was founded in 1694. For some, this was an admission of defeat. For others, this was a desperate step to help the sinking British economy.Published on 2009-01-14

U.K. Economy Shrinks
The U.K. economy shrank the most since 1990 in the third quarter and mortgage lending dropped to the lowest in 14 years as tightening credit exacerbated the slide into recession.Published on 2008-12-23